The share allotment status for Wakefit IPO is expected to be finalised on December 11 (Image: Wakefit/LinkedIn) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Primary market investors are closely watching the initial public offering (IPO) of Wakefit Innovations Ltd., a leading manufacturer of mattresses, furniture, and home furnishings, which concludes its subscription period on December 10.

The much-awaited Wakefit IPO has so far received a subdued response from the investors. The IPO was booked only 0.39 times on Tuesday and has witnessed a sharp decline in its Grey Market Premium (GMP). The GMP, which was trading around Rs 36 earlier, has now slipped to just Rs 2, raising concerns among investors about potential listing gains.

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